Pay and Perks

Offering performance-based bonuses, stock options, and pay based on units produced often has a big impact on workers’ and even owners’ efforts. But welfare capitalism, where companies provide services not just pay, often does even more. Giving workers perks like recreational clubs, subsidized lunch, and company outings help instill company values and thereby boost productivity. Additionally, having food or other services handy means that workers tend to stay in the building and work more.

Women's lunch room, United Shoe Machinery Corporation, 1915

Women's lunch room, United Shoe Machinery Corporation, 1915

Gift of United Shoe Machine Corporation

E-Trade founder Bill Porter’s first share of company stock, 1996

E-Trade founder Bill Porter’s first share of company stock, 1996

Gift of William A. Porter and M. Joan Porter

Coal company scrip, Liberty Trading Company, 1920s

Coal company scrip, Liberty Trading Company, 1920s

Picker’s token counting units produced, around 1900

Picker’s token counting units produced, around 1900

Gift of Emma M. Schramm

Bloomberg Manhattan headquarters, 2013

Bloomberg Manhattan headquarters, 2013

Bloomberg food bowl, 2013

Bloomberg food bowl, 2013

Bloomberg napkin, 2013

Bloomberg napkin, 2013

Bloomberg plastic cup, 2013

Bloomberg plastic cup, 2013

Employees’ annual picnic badge, Booth and Company, 1920

Employees’ annual picnic badge, Booth and Company, 1920